Billionaire Carl Icahn says he lost nearly $100 million on his takeover of Atlantic City's Trump Taj Mahal casino.
Icahn decided Wednesday to close the struggling casino after Labor Day.
It has been the target of a strike by Atlantic City's main casino workers' union since July 1.
Icahn says the Taj Mahal is a business, not a charity, and his company's board does not want to put good money after bad in a venture that loses millions of dollars a month.
Atlantic City will have seven casinos after the Taj Mahal closes.
